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Tuesday, November 5, 2024

What happened to the median home price in Indio during 2020?

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The median sale price of a home sold in 2020 in Indio rose by $31,000 while total sales increased by 9.5%, according to BlockShopper.com.

From January through December of 2020, there were 852 homes sold, with a median sale price of $345,000 - a 9.9% increase over the $314,000 median sale price for the previous year. There were 778 homes sold in Indio in 2019.

The median sales tax in Indio for the most recent year with available data, 2016, was $3,862, approximately 1.1% of the median home sale price for 2020.

The following table compares Indio to other Riverside County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Aguanga 2123-8.7%$369,000$360,0002.5%
Moreno Valley1,3221,2773.5%$365,000$335,0009%
Perris5345261.5%$361,000$328,5009.9%
Cathedral City4694562.9%$359,000$325,00010.5%
Idyllwild-Pine Cove 23382184.1%$350,000$310,00012.9%
Indio8527789.5%$345,000$314,0009.9%
Lakeland Village4952-5.8%$315,000$279,50012.7%
San Jacinto456513-11.1%$315,000$295,0006.8%
Cherry Valley 494119.5%$309,000$295,0004.7%
Thermal220%$303,500$137,500120.7%
Hemet1,2871,1928%$299,000$266,25012.3%

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